Jonathan Slager Of Bridge Investment Group Secures $247.5M Loan From Goldman Sachs For Development Site

A development site located at 40 19th Street in Greenwood Heights, Brooklyn, has been involved in a loan transaction. The asset encompasses 749,613 square feet and is set for a logistics project. The loan amount secured for this development project totals $247,500,000, with Goldman Sachs being the lending institution.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $247,500,000
• Asset Size: 749,613 BSF
• Address: 40 19th Street
• Market: Greenwood Heights, Brooklyn
• Lender: Goldman Sachs
• Landlord: Jonathan Slager - Bridge Investment Group
• Previous Loan: $74.6M JPMorgan Chase

Bridge Investment Group, through Sip Holdings Venture LLC, was the entity that secured the construction loan from Goldman Sachs for the specified project, facilitating the transition from the prior loan arrangement with JPMorgan Chase.